Pooling Resources to Minimize Risk While Playing Poker
During a game of poker it isn’t uncommon to come across people that hold percentages in each other’s wins and who share resources. Playing high limit poker can be expensive because the risks are too great and even though you might be a seasoned player you aren’t immune to losses. The only logical thing to do is to pool resources if you do know the players and trust them enough. Doing this would bring down your risks and it would give you the opportunity to play at higher limits.
The danger of alliance
However, it is possible that two players who have formed an alliance might end up being on the same table. This is where it might get a little complicated. In such a situation it is important that both the players must play the game as if the alliance did not exist, at the table everyone else is the enemy without an exception. Not standing by this rule would only be called cheating.
Things are quite different when it comes to tournaments. In a tournament where there are so many opponents, so many trades going on it could get much more complicated and this would definitely require a different action plan.
In a tournament where there are financial alliances it is the best practice to have equal chips. Having unequal chips is not as profitable as you might think it would be. The best practice to follow in a tournament would be to get all the deals and alliances registered and made known along with their percentage shares. All players that are playing in the tournament must be aware of the deals and the backers that they are up against since that is the only way to ensure fair play. Without this vital step it can get a little difficult to ensure a good ethical game.
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The participants must be aware and should have a list of the registered trades and deals. And among the finalists there shouldn’t be any deals unless approved by all the remaining players on the finalists table even if they were registered in the first place.
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Cards are war, in disguise of a sport.
Charles Lamb (1832)